9-bedroom property · PO30 1SS
For saleListed 20 daysAuction 21 Oct · today
Opportunity summary
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About
Grade II Listed Mid-Terrace Mixed Use Freehold Investment Property - Comprising 2x Commercial Units and 6x Flats
Grade II listed, mid-terrace mixed use, freehold property, comprising 2x commercial units and 6 self contained flats.
The Auctioneers have not been able to inspect the property, therefore, are unable to confirm the condition of 29 & 29a High Street, Newport
Situation
Situated in the centre of Newport, Isle of Wight, the property occupies a prominent position within one of the town’s principal commercial and retail areas.
NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, AND OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU HAVE READ THE LEGAL PACK AND SPECIAL CONDITIONS THOROUGHLY
Tenure - Freehold
Rateable Value
29a - £6,900 29b - £8,500
Council Tax
Flats 1 & 2 - Band A Flats 3, 4, 5 & 6 - Band B
EPC Rating
29 High Street - C 29a High Street - B Flats 1, 2, 3, 5 & 6 - C Flat 4 - TBC
Lot Type
Mixed Use Grade II Listed Freehold Property
Accommodation
The Auctioneers have been informed of the following accommodation and sizes:
29 High Street Commercial Premises – 58.6sqm / 630sq ft 29a High Street Commercial Premises – 97.5sqm / 1,049sq ft Ground Floor Flat 1 – 1 bedroom, kitchen/lounge/dining, bathroom – 36.6sqm / 393sq ft First Floor Flat 2 – 1 bedroom, kitchen/lounge/dining, bathroom – 52.4sqm / 564sq ft First Floor Flat 3 – 2 bedroom, kitchen/dining, lounge, bathroom – 11.8sqm / 1,203sq ft Second Floor Flat 4 – 2 bedroom, lounge/kitchen/dining, bathroom – 64.2sqm / 691sq ft Second Floor Flat 5 – 1 bedroom, lounge/kitchen/dining, bathroom – 61.9sqm / 665sq ft First & Second Floor Flat 6 – 2 bedroom, lounge/kitchen/dining, ensuite, bathroom – 41sqm / 441sq ft
Total Approximate Floor Area – 524sqm / 5,640sq ft
Tenancy
The auctioneers have been informed of the following information: 29 High street commercial unit is vacant 29a High Street commercial unit is occupied and let at a rent of £18,000 per annum exclusive.
The auctioneers have not had sight or been informed of the full lease terms. Ground Floor Flat 1 is vacant The remaining 5 x flats are tenanted.
The auctioneers have not had sight or been informed of the tenancy terms or rental figures
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable.
Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an Administration fee of 1% (inc VAT) of the sale price, subject to a minimum of £1,750 (inc VAT)
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 29 & 29A High Street, Newport, Isle Of Wight, PO30 1SS
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